QG Developer Raises Local Debt

Queiroz Galvao Desenvolvimento Imobiliario has completed the sale of BRL170m ($84m) in domestic bonds, according to Anbima. The residential developer’s 2017s pay 120.5% of the DI, and amortize in 4 equal parts starting in year 4. Bradesco managed the sale, done under the rule 476 restricted format.